Banking loans interest rates loan Interest rate bank credit consumer credit mortgage financing Banco de los Trabajadores de Guatemala Banking Authority (Guatemala) corporate credit Economics access to credit line of credit Asamblea Legislativa (El Salvador)

Guatemala Lowers Lending Rates

Banks are offering rates of up to 7.5% for mortgage loans, both consumer and corporate.

Friday, April 29, 2011

Mauricio Alvarez, manager of the Banco de los Trabajadores (Bantrab) noted that low interest rates abroad has meant that much "capital is returning to the country because the rates are better."

"Erasmo Velasquez, president of National Mortgage (CHN), noted that there are now market rates of between 8 and 10 percent annually, compared to a year ago when they were 11 and 12. From an article in Elperiodico.com.gt

Source: elperiodico.com.gt

Key entities

Crédito Hipotecario Nacional Banco de los Trabajadores de Guatemala Maurcio Álvarez

Countries

Guatemala

Insight

consumer credit mortgage financing corporate credit loans loan interest rates Interest rate Banking

The Lowest Bank Rate in 40 years

April 2012

This historical record of 7% on average in Guatemala's banking system could stimulate investment.

Paulo de León, from the company Central American Business Intelligence (Cabi), told a group of government officials in Guatemala that banks are now offering an average rate of 7%, the lowest interest rate in the last 40 years.

Housing loans continue to be high in Nicaragua

February 2009

Banks are seeking funds to ensure financing for the housing sector with better interest rates.

EL NUEVO DIARIO.com.ni reports on its website: "Luis Rivas, General Manager of the Production Bank (Banpro), said that the funds to finance home purchases are generally intermediate, because there are no long term deposits in the country, and interest rates offered to the final consumer depend on those set by the providers of the funds.

Costa Rica: National Bank lowers interest rates

February 2009

Effective February 15 the bank will reduce its interest rate for housing loans lower than $89.000 (¢50 million) by 2 percentage points.

Nacion.com reports on its website: "The Popular Bank also agreed to reduce its interest rates by 2 points starting on March 1.

These banks have joined the Bank of Costa Rica and the Bancredito Bank in reducing their rates at the request of the Government in order to deal with the economic crisis."

Growing Demand for Fixed Rate Loans in Costa Rica

May 2011

Interest rates fixed for 20 years being offered by banks are increasing the demand for mortgages.

Four banks are currently promoting mortgage loans with fixed interest rates.

Credit for housing rose by almost 6% from February 2010 to February 2011, an increase which could accelerate at the end of the year because of these programs.

close (x)